South Korea Builds AI Crypto Tax System as Police Probe Tether Laundering

• South Korea’s NTS is building a 2.99B won AI system to track crypto tax evasion risks this year.
• Police will target Tether laundering as fraud groups move criminal proceeds overseas via USDT.
• Mandatory crypto transaction reporting by service providers starts in 2027, boosting tax data flows.

South Korea is expanding its response to crypto-linked financial crime as tax authorities and police move on two connected fronts. The National Tax Service is building an AI-based virtual asset analysis system, while police are increasing crackdowns on stablecoin laundering operations.

The moves come as officials point to growing misuse of digital assets in tax evasion, money laundering, irregular gifting, and offshore transfers. Authorities are also preparing for a larger flow of transaction data once virtual asset service providers begin mandatory personal transaction repor…

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